16 Jan 2025
27 Jan 2025
NVIDIA (NVDA) broke to the downside of a sideways channel that had been forming since Oct 24. The current price is approximately $119. If you look at the previous analysis post for NVDA the price was $135. Corporate interest rates have dropped to 4.98%, lowering costs for corporations. The interest rate drop actually increases the value of the company. But the price has dropped, and the next earnings report is due Feb 26. Since the fundamentals haven’t formally changed yet, todays current price now gives a Projected Stock Price Compound Annual Growth Rate (not including dividends) of 33.21%